Swift is building a blockchain platform to modernize international payments amid growing competition from stablecoins. According to the Financial Times, the payments cooperative has joined forces with banks such as Bank of America, Citigroup, and NatWest to create a blockchain that enables instant, continuous transaction validation across borders. This move is designed to streamline global transfers and reinforce Swift’s role in a digital payments landscape increasingly dominated by stablecoins. Stablecoins, digital assets pegged to fiat currencies, have surged in popularity, offering low-cost, direct transfer ... (full story)